Global petroleum additive specialist Afton Chemical Corporation today
announced the opening of its production plant in Jurong Island,
Singapore which was marked by a special visit by Singapore’s Minister
for Trade and Industry (Industry), Mr S Iswaran.

The facility will now commence production of key components that are
used in Afton Chemical Corporation’s engine oil additives to meet rising
regional and global demand.

“Today’s opening marks the end of a significant development and
construction process at our new, fully owned facility, which began back
in 2014,” said Rob Shama, President, Afton Chemical Corporation. “More
importantly, it marks the start of a new chapter where we are able to
better secure the supply of key components for our customers to be able
to meet their future growth aspirations.”

The opening of the plant represents a new phase of Afton Chemical
Corporation’s ongoing expansion into Asia Pacific, and is central to the
company’s plans to ensure that its specialist additive products are
‘Made in Asia for Asia’. The company’s “Made in Asia” strategy is aimed
at ensuring it has the right supply footprint to meet its customer’s
needs. The organization already manages a number of other facilities
across the region, including Technology Centers, in Suzhou, China and in
Tsukuba Japan. It’s “Made for Asia” strategy ensures that the products
and services it offers are developed on the basis of regional insights.

“This new production facility serves as a real vote of confidence in
Singapore, a country with a robust infrastructure and a well-established
position as a petro-chemicals and supply hub. This plant will further
strengthen our global supply network, and help us and our customers to
capitalize on the continuing migration of upstream capacities into the
region,” said Teddy Gottwald, President and CEO of NewMarket
Corporation, the parent company of Afton Chemical Corporation.

"Afton Chemical Corporation’s decision on Singapore as its principle
additive manufacturing site in Asia attests to Singapore's
attractiveness as a location for companies looking to capture growth
opportunities in this region and it reinforces Singapore’s position as
the leading specialty chemicals hub in Asia,” said Cindy Koh, Director,
Energy and Chemicals, Singapore Economic Development Board. “We look
forward to writing their Asia growth story together.”

The plant also has full capability to produce all of the engine oil
additives needed for Asia region and is scalable to allow Afton Chemical
Corporation to grow as demand warrants. In the longer term, additional
units, such as specialty dispersants, may be added to produce other
petroleum additive products in line with market and customer needs.

About Afton Chemical Corporation

Afton Chemical Corporation is part of the NewMarket Corporation
(NYSE:NEU) family of companies. Afton Chemical Corporation uses its
formulation, engineering and marketing expertise to help their customers
develop and market fuels and lubricants that reduce emissions, improve
fuel economy, extend equipment life, improve operator satisfaction and
lower the total cost of vehicle and equipment operation. Afton Chemical
Corporation develops and sells an extensive line of unique additives for
gasoline and distillate fuels, driveline fluids, engine oils and
industrial lubricants. Afton Chemical Corporation supports global
operations through regional headquarters located in Asia Pacific, EMEAI,
Latin America and North America. Afton Chemical Corporation is
headquartered in Richmond, Virginia. For more information, visit www.aftonchemical.com.

Cautionary Note Regarding Forward-Looking Statements:

Some of the information contained in this press release constitutes
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although NewMarket’s management believes
its expectations are based on reasonable assumptions within the bounds
of its knowledge of its business and operations, there can be no
assurance that actual results will not differ materially from
expectations.

Factors that could cause actual results to differ materially from
expectations include, but are not limited to, availability of raw
materials and distribution systems; disruptions at manufacturing
facilities, including single-sourced facilities; ability to respond
effectively to technological changes in our industry; failure to protect
our intellectual property rights; failure to attract and retain a
highly-qualified workforce; hazards common to chemical businesses;
competition from other manufacturers; sudden or sharp raw material price
increases; gain or loss of significant customers; occurrence or threat
of extraordinary events including natural disasters and terrorist
attacks; risks related to operating outside of the United States; the
impact of fluctuations in foreign exchange rates; an information
technology system failure; political, economic, and regulatory factors
concerning our products; future governmental regulation; resolution of
environmental liabilities or legal proceedings; inability to complete
future acquisitions or successfully integrate future acquisitions into
our business and other factors detailed from time to time in the reports
that NewMarket files with the Securities and Exchange Commission,
including the risk factors in Item 1A, “Risk Factors” of our 2015 annual
report on Form 10-K, which is available to shareholders upon request.

You should keep in mind that any forward-looking statement made by
NewMarket in the foregoing discussion speaks only as of the date on
which such forward-looking statement is made. New risks and
uncertainties come up from time to time, and it is impossible for us to
predict these events or how they may affect the company. We have no duty
to, and do not intend to, update or revise the forward-looking
statements in this discussion after the date hereof, except as may be
required by law. In light of these risks and uncertainties, you should
keep in mind that the events described in any forward-looking statement
made in this discussion, or elsewhere, might not occur.

OTIC Feb. 23, 2018 – Dallas

EnerCom 360 Magazine

Improvements in rigs, rapid pace for pad drilling, more pumping horsepower and higher efficiencies boost effective rig count to 2,495 rigs EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count continues to rise, and is now approaching 2,500. There are currently 2,495 effective rigs in the U.S.,[Read More…]